Gladstone Land Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Property Revenue	88.03	88.29	84.76	90.32	89.24	75.32
Service and Other Revenue	0.06	0.05	0.45	0.08	-	-
Revenue	88.09	88.34	85.22	90.4	89.24	75.32
Revenue Growth (YoY)	7.73%	3.67%	-5.73%	1.30%	18.48%	32.06%
Property Expenses	7.53	16.28	5.33	4.2	2.82	2.54
Total Property Expenses	7.53	16.28	5.33	4.2	2.82	2.54
Gross Profit	80.56	72.06	79.88	86.2	86.42	72.78
Selling, General & Admin	12.78	12.97	13.45	15.55	16.28	13.9
Depreciation & Amortization Expenses	36.49	34.55	35.06	37.16	35.37	27.18
Other Operating Expenses	4.81	4.47	2.11	-	0.85	-
Operating Income	26.48	20.07	29.27	33.48	33.92	31.7
Net Gains on Disposal of Properties	-1.99	13.88	5.89	5.21	-3.76	-2.54
Interest Expense	-19.57	-20.02	-21.89	-23.67	-25.74	-24.88
Other Non-Operating Income (Expense)	-0.67	-0.4	0.02	-0.46	0.29	-0.77
Total Non-Operating Income (Expense)	-22.23	-6.54	-15.98	-18.92	-29.21	-28.19
Pretax Income	4.25	13.53	13.29	14.57	4.72	3.51
Net Income	-29.58	-10.48	-10.46	-9.85	-15.01	-8.76
Minority Interest in Earnings	-	-	-	-	-0.01	-0.02
Net Income Attributable to Preferred Dividends	23.69	24.01	23.75	24.42	19.72	12.26
Net Income to Common	-29.58	-10.48	-10.46	-9.85	-15.01	-8.76
Shares Outstanding (Basic)	38	37	36	36	35	30
Shares Outstanding (Diluted)	38	37	36	36	35	30
Shares Change (YoY)	4.66%	1.66%	0.49%	3.39%	13.86%	36.39%
EPS (Basic)	-0.78	-0.29	-0.29	-0.28	-0.43	-0.29
EPS (Diluted)	-0.78	-0.29	-0.29	-0.28	-0.43	-0.29
Shares Outstanding	41.76	38.01	36.18	35.84	35.05	34.21
Free Cash Flow	6.24	-0.17	24.35	27.28	-38.39	-260.57
Free Cash Flow Growth	-	-	-10.72%	-	-	-
Free Cash Flow Per Share	0.17	-0.00	0.68	0.76	-1.11	-8.58
Dividends Per Share	0.560	0.560	0.559	0.553	0.546	0.541
Dividend Growth	-	0.16%	1.08%	1.32%	1.03%	0.67%
Gross Margin	91.45%	81.57%	93.74%	95.35%	96.84%	96.63%
Operating Margin	30.06%	22.72%	34.35%	37.04%	38.01%	42.09%
Profit Margin	-6.68%	15.31%	15.60%	16.11%	5.28%	4.67%
FCF Margin	7.08%	-0.19%	28.58%	30.17%	-43.02%	-345.96%
EBITDA	62.97	54.62	64.33	70.64	69.29	58.89
EBITDA Margin	71.49%	61.83%	75.49%	78.15%	77.64%	78.18%
EBIT	26.48	20.07	29.27	33.48	33.92	31.7
EBIT Margin	30.06%	22.72%	34.35%	37.04%	38.01%	42.09%

Updated May 11, 2026. Data Source: Fiscal.ai. Real Estate template. Financial Sources.

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